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> A quickk explanation fo the Turtle System is as follows:
>
> It was thought that traders were like turtles, they will all do the same
> thing in unison. Put them on the beach and the crawl to the ocean.
>
> Apparently, if you buy at the highest closing price of the last X number
of
> days (say 48), and sell at the lowest close, and exit at the lowest close
of
> the last 24 days, you will absolutely make money but you must be in a
lot of
> markets.
>
> You will loose most of the time but your wins are big. It is said to be
35%
> effective.
>
> It is not worth $2500.
This is a strange conclusion. Tell that to the Turtles who are now
multi-millionaires from managing other peoples money and making consistent
returns in the long run. You may not know but the second largest CTA in the
world is a Turtle. Or to the private trader who brought $500,000 account
up to $1.7 million last year after learning the Turtles. They think it is
worth a lot more than .
Please understand that the Turtles method is not for the faint hearted or
under capitalised and requires work. These are qualities only a few people
have. I have heard that Russell Sands will be in Kuala Lumpur to teach the
Turtles to a major bank there in early October. I guess to be a Turtle it
helps if you are bigger than most in more ways than one. Look at Richard
Dennis's Market Wizards interview- he is larger than life.
Regards
Daid Hunt
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